Himax Technologies, Inc. (the Parent Company only)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Note 25.

Himax Technologies, Inc. (the Parent Company only)

As a holding company, dividends received from Himax Technologies, Inc.’s subsidiaries in Taiwan, if any, will be subjected to withholding tax under ROC law as well as statutory and other legal restrictions.

The condensed separate financial information of Himax Technologies, Inc. is presented as follows:

Condensed Balance Sheets

	December 31,
	2015		2016
	(in thousands)

Cash	$	1,536		759
Investments in marketable securities available-for-sale		4,505		4,399
Other receivable from related party		-		7,150
Other current assets		1,467		976
Investment in non-marketable securities		432		-
Investments in subsidiaries and affiliates		737,561		727,903
Total assets	$	745,501		741,187

Current liabilities	$	384		284
Short-term debt		161,000		119,000
Debt borrowing from a subsidiary		145,413		154,170
Total equity		438,704		467,733
Total liabilities and equity	$	745,501		741,187

Himax Technologies, Inc. had no guarantees as of December 31, 2015 and 2016.

Condensed Statements of Income

	Year Ended December 31,
	2014		2015		2016

	(in thousands)

Revenues	$	-		-		-
Costs and expenses		525		460		330
Operating loss		(525)		(460)		(330)
Equity in earnings from subsidiaries and affiliates		49,656		20,820		55,191
Gain on sale of securities		10,743		1,682		-
Other non-operating income (loss)		6,724		3,153		(3,949)
Earnings before income taxes		66,598		25,195		50,912
Income taxes expenses		-		-		-
Net income	$	66,598		25,195		50,912

Condensed Statements of Comprehensive Income

	Year Ended December 31,
	2014			2015			2016

	(in thousands)

Net income	$		66,598			25,195			50,912
Other comprehensive income (loss):
Unrealized losses on securities, not subject to income tax:			(2)			(259)			(115)
Unrealized holding losses on available-for-sale marketable securities arising during the period		(33)			(63)			(118)
Reclassification adjustment for realized losses (gains) included in net income		31			(196)			3
Foreign currency translation adjustments, not subject to income tax			(170)			(573)			(479)
Net unrecognized actuarial gain (loss), net of tax of $43, $(168) and $6 in 2014, 2015 and 2016, respectively			268			(731)			6
Comprehensive income	$		66,694			23,632			50,324

Condensed Statements of Cash Flows

	Year Ended December 31,
	2014		2015		2016

	(in thousands)
Cash flows from operating activities:
Net income	$	66,598		25,195		50,912
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in earnings from subsidiaries and affiliates		(49,656)		(20,820)		(55,191)
Gain on sale of investment securities		(10,743)		(1,682)		-
Changes in:
Other current assets		(775)		221		491
Other current liabilities		(5)		157		(100)
Net cash provided by (used in) operating activities		5,419		3,071		(3,888)
Cash flows from investing activities:
Purchases of available-for-sale marketable securities		-		(4,625)		(173)
Proceeds from disposals of investment in non-marketable equity securities		14,743		1,682		-
Purchases of equity method investments		-		(3,708)		-
Proceeds from disposals of equity method investments		-		-		64,513
Proceeds from capital reduction of investments		1,168		-		431
Cash paid for loan made to related party		-		-		(7,150)
Net cash provided by (used in) investing activities		15,911		(6,651)		57,621
Cash flows from financing activities:
Distribution of cash dividends		(46,042)		(51,364)		(22,348)
Proceeds from short-term debt		370,500		351,000		192,000
Repayment of short-term debt		(346,000)		(301,000)		(234,000)
Investment returned from subsidiaries		11		-		-
Proceeds from issue of RSUs from subsidiaries		6,754		5,311		1,081
Proceeds from (repayment of) debt from a subsidiary		(6,449)		797		8,757
Net cash provided by (used in) financing activities		(21,226)		4,744		(54,510)
Net increase (decrease) in cash		104		1,164		(777)
Cash at beginning of year		268		372		1,536
Cash at end of year	$	372		1,536		759

Supplemental disclosures of cash flow information:
Interest paid during the year	$	431		453		563
Income taxes paid during the year	$	-		-		-

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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